DESCUBRE FT MERCATI - PRUEBA GRATIS

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FT Mercati pone a disposición de los suscriptores un boletín dedicado a las materias primas para mantenerse al día. He aquí una selección de las últimas noticias:

5/4/2024

INDONESIA AIMS TO CAP NICKEL PRICES AT $18,000

Nickel prices inverted to the upside in February, with an 8.71% MoM rise. Following a 3.53% increase during the first weeks of March, prices appeared to stagnate after they found at least a short-term peak on March 13.
Overall, the Stainless Monthly Metals Index (MMI) remained sideways, with a modest 1.95% rise from February to March.
Bullish nickel prices throughout February triggered some buyers to return to the market. However, while sources saw conditions improve from Q4, they still considered it a disappointment compared to previous Q1 2023, which typically represent a seasonal high point within the business cycle. This led to diverging outlooks for Q2. While some expect continued improvement within the market, others feel the pick-up will be short-lived, especially if nickel prices return to the downside.
While markets expect a higher surcharge in April, the outlook beyond that appears hardly bullish: market participants still expect further downside.
But.... Indonesia Vows to Cap the Current Nickel Price
The country aims to exercise its dominance within the nickel market to control global pricing. According to government official Septian Hario Seto, Indonesia intends to maintain sub-$18,000 per metric ton LME pricing. Amid the rise of new EV battery technologies, some of which do not include nickel, Indonesia is likely hoping to keep nickel-containing batteries a profitable choice for EV producers.

5/4/2024

STOCKS 2023 - ILZSG

International Lead and Zinc Study Group comunicated that in 2023, (Preliminary data ) total zinc stocks were 824,000 tonn (653,000 in 2022), as follow form main categories:
stocks held by producers = 340,000 (declining YoY) ;
by consumers = 153,000 (declining YoY) ;
by merchants = 13,000 (unchanged YoY) ;
by LME = 223,000 (Strong increase YoY);
by SHFE Shanghai = 21,000 (almost unchanged YoY) .

5/4/2024

STOCKS 2023 - ILZSG

International Lead and Zinc Study Group comunicated that in 2023, total lead stocks were 447,000 tonn (324,000 in 2022), as follow :
stocks held by producers = 156,000 (unchanged YoY) ;
by consumers =104,000 (declining YoY) ;
by LME = 134,000 (Strong increase YoY) ;
by SHFE Shanghai = 53,000 (increase YoY) .

5/4/2024

GLOBAL ALUMINIUM PREMIUMS INCREASE ON SUPPLY TIGHTNESS

Premiums for aluminium P1020A increased around the world in the week to Tuesday April 2, with market participants noting tightening supply in Europe, Asia, and the US.
Demand for spot material was also reported to be picking up in the US and Brazil, according to participants.
EUROPEAN MARKETS remained well-supported in the week, with premiums in Rotterdam edging higher on continued concerns over nearby availability.
The premium has now risen by almost 40% since it was assessed at $190-215 per tonne at the beginning of the year.
Beyond Rotterdam, premiums in Italy were stable across the week, with participants noting quieter market conditions following recent holidays in Europe.
The UNITED STATES aluminium P1020 premium continued to increase in the week to Tuesday, with spot demand remaining healthy and material availability becoming tighter.
The premium has been increasing since mid-March, rising by a total of 9.05% since it was assessed at $0.175-0.185 per lb on March 18.
For BRAZIL MARKET, the aluminium P1020A premium is in the range of $220-250 per tonne.
Market participants in general said that demand seems to be slightly improving.

4/4/2024

WORLD REFINED ZINC SUPPLY AND USAGE in 2023 - ILZSG

According to a preliminary data from International Lead and Zinc Study Group (ILZSG), the global market for refined zinc was in surplus by 205.000 tons in whole 2023 .
The world zinc mine production declined by 1.4% YoY, a result of significant decreases in Australia, Bolivia, Canada, South Africa.
According to Lead and Zinc Study Group (ILZSG), in 2023 year, global refined zinc output increase globally by 3.8% YoY, with higher production in Mexico and Australia.
Last, global usage of refined zinc growth by 1.7% YoY in 2023.

4/4/2024

WORLD REFINED LEAD SUPPLY AND USAGE 2023 - ILZSG

According to a preliminary data from International Lead and Zinc Study Group (ILZSG), in year 2023 the global market for refined lead was in surplus by 92,000 tons (as provisional data).
World lead mine supply rose by 1.1% in 2023 with increase in Bolivia, Peru andAustralia, partially balanced by a reductions in in Europe, Mexico and US.
According to Lead and Zinc Study Group (ILZSG), the world refined lead production rose in 2023 by 2.8% YoY and output of refined from secondary (recycled) raw material accounted for 66% of global output in 2023.
Global demand for refined lead metal rose by 1%, with increases in Europe, China, India, Mexico and Taiwan, partially offset by reductions in Korea, Türkiye and US.